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The Pennsylvania Viatical Settlement Provider license

Viatical Settlement Provider

Buys the life policy the broker brings. It is licensed on the company side where the broker is licensed on the producer side, costs three times as much, and is the only Pennsylvania license conditioned on an audited financial statement.

Course

None

This license has no pre-licensing course route.

Ways in

1

There is no state exam for this license.

Exam

n/a

Not required on any of the routes below.

Every way to qualify

  1. Route 1 Satisfy the Department on a plan of operation, competence and financial accountability

    No state exam for this license

    Financial statements

    • An audited financial statement no more than one year and 120 days old prepared under generally accepted accounting principles, and an unaudited financial statement as of the end of the most recent quarter

    and a plan of operation

    • A detailed plan of operation, which section 3(i)(1) of the Viatical Settlements Act asks of a provider and not of a broker

    and competence and reputation

    • Being competent and trustworthy and intending to act in good faith in the capacity applied for, and having a good business reputation with experience, training or education qualifying the applicant for the business

    and a bond or other financial accountability

    • Being bonded or otherwise providing for financial accountability in an amount the Department requires, as a condition of licensure and of every renewal

    and an antifraud plan

    • Certification to the Department of an antifraud plan meeting section 10(g), and the name of a designated agent for out-of-state companies

    Section 3 of the Viatical Settlements Act, Act 107 of 2002, licenses the provider and the broker in the same section and Pennsylvania then administers them in different divisions: the broker is in the producer matrix at $100 and the provider is on the company licensing table at $300, both renewing annually. That split is why reading only the producer list would have missed this license, which is Washington's lesson of 2026-08-19 in a second state. Section 3(h) draws a distinction the other licenses here do not: a provider license issued to a legal entity authorizes all its partners, officers, members and designated employees to act, and a broker license issued to a legal entity "does not authorize partners, officers, members and designated employees of the legal entity to act as viatical settlement brokers under the legal entity's license". Section 3(k) gives the Department 90 days to approve or disapprove a completed application. No examination and no course anywhere in the act, and unlike the broker the Department imposes none of its own.

    Read at the Department on 2026-08-19

No national seller sells a course for this license, and nothing could: Act 107 of 2002 licenses a viatical settlement provider on audited financial statements, a plan of operation, a reputation, financial accountability and an antifraud plan, and neither the act nor the Department asks for an examination or a course.